JPMorgan Chase & Co. Increases Autoliv (NYSE:ALV) Price Target to $129.00

Autoliv (NYSE:ALV) had its price target lifted by investment analysts at JPMorgan Chase & Co. from $117.00 to $129.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 10.72% from the stock’s previous close.

Several other equities analysts have also issued reports on the stock. Barclays lifted their target price on shares of Autoliv from $107.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Wolfe Research cut Autoliv from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. Wells Fargo & Company lifted their target price on Autoliv from $101.00 to $107.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. StockNews.com upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Finally, Mizuho boosted their price objective on Autoliv from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $117.82.

Autoliv Trading Up 1.5 %

Shares of NYSE:ALV traded up $1.68 on Monday, reaching $116.51. 64,477 shares of the company traded hands, compared to its average volume of 522,845. The stock has a market capitalization of $9.49 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 0.76 and a beta of 1.72. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.52. The business’s 50-day simple moving average is $116.96 and its 200 day simple moving average is $107.29. Autoliv has a 52 week low of $79.66 and a 52 week high of $124.38.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, January 26th. The auto parts company reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.37. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Autoliv had a return on equity of 27.13% and a net margin of 4.66%. During the same period in the previous year, the firm posted $1.83 EPS. The business’s revenue was up 17.8% on a year-over-year basis. As a group, equities analysts anticipate that Autoliv will post 9.68 EPS for the current fiscal year.

Insider Activity

In other news, VP Mikael Hagstrom sold 327 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total value of $35,868.63. Following the completion of the sale, the vice president now owns 327 shares of the company’s stock, valued at approximately $35,868.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Mikael Bratt sold 4,226 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.72, for a total value of $463,676.72. Following the transaction, the chief executive officer now owns 17,547 shares in the company, valued at $1,925,256.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Mikael Hagstrom sold 327 shares of Autoliv stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total transaction of $35,868.63. Following the completion of the sale, the vice president now owns 327 shares of the company’s stock, valued at $35,868.63. The disclosure for this sale can be found here. Insiders sold a total of 8,388 shares of company stock valued at $921,757 in the last 90 days. 0.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Autoliv

Several institutional investors and hedge funds have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Autoliv during the 4th quarter valued at $27,000. Rise Advisors LLC increased its position in shares of Autoliv by 84.1% in the fourth quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 122 shares during the last quarter. Register Financial Advisors LLC bought a new stake in Autoliv during the first quarter worth about $36,000. Parallel Advisors LLC grew its stake in Autoliv by 83.8% in the fourth quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock valued at $54,000 after purchasing an additional 223 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its holdings in shares of Autoliv by 15,425.0% in the 4th quarter. TFO Wealth Partners LLC now owns 621 shares of the auto parts company’s stock valued at $68,000 after buying an additional 617 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.